What is the best Money management system

can you please explain more about what actually money management that you are talking about ?

 

money management and risk management are good! it can help our account to reach consisten profit! but without and edge! or understand how market works! you cant sleep well at night Ideally 5% with RR 1:3, it can keep your DD level under 10%, even if you winning rate only 50:50 for long run you still make profit! but again, without knowing how market works, you can reach RR 1:3 or even 1:4 or 1:5

 

There’s a lot more to money management than just buying or selling on your signals, or increasing lot sizes.

Risk to reward.
Where to most effectively place your stop.
Exit strategy.
Configuring lot size to r/r…
On and on…

 

Thanks for your information. I think it's very helpful for me.
thank you.

 

You are welcome.

 

its a good calculation , by the way do you feel any difference about money and risk management ?

 

If you're an experienced and disciplined trader using a smaller bet size on average, I think doubling down can work just fine.

If you're a newbie and/or trade with a very high risk profile initially, it's usually a recipe for disaster (read: compounding your losses and blowing up).

 

Most of the Market Wizards seems to practice and advocate scaling down after a loss, though.

 

Money management is basically about how much risk you are willing to take in each aspect.

 

yes , its all about the approach which always supportive to avoid unfortunate risk and losses above all when using high leverage ratio.